Atlas Copco has completed a US$ 190 million acquisition of Quincy Compressor from EnPro Industries.
Quincy compressor, based in Alabama, US and Kunshan, China, designs and manufactures reciprocating compressors, rotary screw compressors and vacuum pumps. Atlas Copco intends to develop the brand independently now the acquisition has been approved by relevant regulatory authorities.
President of Atlas Copco's compressor technique business area, Stephen Kuhn said, "I am pleased that we have obtained the approvals in the US and China and can now move forward to further develop the Quincy business.
"We look forward to working with Quincy Compressor and its strong distributor network. The strategic fit is very good and we will be able to better serve customers in the US with an even more differentiated product portfolio. This acquisition offers interesting synergies in both product design and supply chain management, while adding a strong brand for our continued growth," he said.
The acquisition was carried out by Fulcrum Acquisition, a subsidiary of Atlas Copco North America and Atlas Copco (China) Investment Company. Now the acquisition is complete, Fulcrum will change its name to Quincy Compressor.